New Market Oversight Division

The FCA has launched a new Market Oversight Division. 

The new Division unites the FCA’s market monitoring functions aimed at combatting market abuse and its UKLA responsibilities and governs the oversight of participants in both primary and secondary markets.

The new Division sits alongside Enforcement in a newly created Enforcement and Market Oversight Division. The FCA states that bringing Market Oversight and Enforcement alongside each other recognises and builds on its credible deterrence agenda in combatting market abuse.

The FCA states that the new Division does not reflect any change in its regulatory policy, approach to primary or secondary market activities or its approach to market abuse enforcement. Information flows between the FCA's enforcement and non-enforcement activities are also not anticipated to change as a consequence of the new structure.

Click here for Market Watch No.47.